Allspring Global Investments Holdings LLC Buys 32,383 Shares of Science Applications International Co. $SAIC

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Science Applications International Co. by 25.5%, acquiring an additional 32,383 shares during the second quarter, bringing its total holdings to approximately $18.4 million.
• Analysts have downgraded the target price for Science Applications International, with Goldman Sachs lowering it from $104 to $91 and maintaining a "sell" rating, amid a consensus "hold" rating with a target price of $115.10.
• The company reported earnings of $3.63 per share for its last quarter, significantly beating estimates, but its revenue was down 2.7% year-over-year, prompting a FY 2026 guidance of $9.400-9.600 EPS.

Allspring Global Investments Holdings LLC lifted its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,129 shares of the information technology services provider's stock after acquiring an additional 32,383 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.34% of Science Applications International worth $18,419,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its position in Science Applications International by 9.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider's stock worth $355,000 after purchasing an additional 271 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Science Applications International during the first quarter valued at approximately $204,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Science Applications International by 61.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the information technology services provider's stock valued at $1,874,000 after acquiring an additional 6,011 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Science Applications International by 19.4% during the first quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock worth $506,000 after acquiring an additional 732 shares during the period. Finally, LBP AM SA boosted its position in Science Applications International by 136.3% in the second quarter. LBP AM SA now owns 62,491 shares of the information technology services provider's stock worth $7,037,000 after purchasing an additional 36,045 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAIC. The Goldman Sachs Group decreased their target price on Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a research report on Monday, September 8th. Stifel Nicolaus decreased their price objective on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a report on Friday, September 5th. UBS Group dropped their target price on shares of Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $115.00 target price (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Finally, Truist Financial lifted their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of "Hold" and a consensus price target of $115.10.

Science Applications International Stock Performance

Shares of SAIC stock opened at $97.51 on Friday. The firm's 50 day moving average is $107.03 and its 200 day moving average is $111.64. The stock has a market capitalization of $4.49 billion, a P/E ratio of 16.44 and a beta of 0.44. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned $2.05 EPS. Science Applications International's revenue was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International's dividend payout ratio is currently 17.92%.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Co. (NYSE:SAIC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.